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US Government seizes mortgage giants
by Staff Reporter • 8 Sep 2008
A surge in mortgage defaults and a worsening economy have the forced the US government to take action with the... READ MORE
No quick fix for inflation: RBA
by Staff Reporter • 8 Sep 2008
“Headline inflation figures will remain uncomfortably high for a little while yet,” Mr Stevens... READ MORE
GMAC US downsizes as credit crunch continues
by Staff Reporter • 5 Sep 2008
GMAC Financial Services and subsidiary ResCap yesterday announced in Fort Washington dramatic initiatives to... READ MORE
August sales slump as borrowers ?fence sit?
by Staff Reporter • 4 Sep 2008
Mark Hewitt, AFG general manager of sales and operations, said the figure indicated borrowers had decided to fence... READ MORE
Loan settlements, deposits up for Savings & Loans
by Staff Reporter • 3 Sep 2008
The credit union reported a $10.9 million net profit for the 2007/08 financial year yesterday - down from $15.82... READ MORE
Housing affordability deteriorates in every state and territory
by Staff Reporter • 1 Sep 2008
The proportion of family income required to meet average home loan repayments rose to 39.8 per cent in the quarter,... READ MORE
Auctions slump as buyers await rate cut
by Staff Reporter • 1 Sep 2008
In Sydney, the clearance rate was down to 46.9 per cent, almost 20 per cent below the figure for the same weekend... READ MORE
August 08: BankWest cuts Rate Tracker
by Staff Reporter • 20 Aug 2008
A BankWest spokesperson told Mortgage Business that “unanticipated volumes” and the bank’s “limited funds... READ MORE
RBA set to cut rates
by Staff Reporter • 20 Aug 2008
Despite the risk of inflation, minutes from the bank’s meeting showed the risk of a “deeper and more... READ MORE
First home buyer affordability remains at 24 year low
by Staff Reporter • 18 Aug 2008
The index inched up 0.3 per cent in the quarter but was still 6 per cent lower than the same time last year.
In... READ MORE
Lending competition healthy: RBA
by Staff Reporter • 15 Aug 2008
In its submission to the committee’s Inquiry into Competition in the Banking and Non-Banking Sectors, the RBA... READ MORE
Baby-boomers push younger borrowers from property market
by Staff Reporter • 15 Aug 2008
The report – derived from research by Roy Morgan – found that older Australians, buoyed by strong... READ MORE
Business credit slumps
by Staff Reporter • 12 Aug 2008
The result is down from 17 per cent six months ago.
Variable interest rates on large business loans had increased... READ MORE
Prospects for rate cut increasing: RBA
by Staff Reporter • 12 Aug 2008
The evidence to date, the statement read, was that “a significant moderation in demand is now occurring, and it... READ MORE
Rate cuts on the cards: RBA
by Staff Reporter • 6 Aug 2008
Glenn Stevens, monetary policy governor, said it was looking increasingly likely that demand would remain subdued and... READ MORE
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